Wealth of Forests: Markets, Regulation, and Sustainable Forestry

Industrial forestry in North America is at a crossroads. A broad consensus has emerged that both the practice and theory of forestry must change in order to achieve sustainability. This book is a pioneering attempt to consider the concrete policy implications of the much discussed transition to sustainable forestry. It integrates two distinct academic literatures: one that seeks to define and identify ways to implement sustainable forestry, and another that focuses on the relative merits of regulatory and market instruments for promoting environmental values.